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*AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 36 :* 15.03.2020
INDEPENDENT DIRECTORS BACKGROUND

After checking the background of the promoters and management we should try to check the background of the independent directors who are on the board of the company's management.An independent director is a non-executive director of a company who does not have any kind of relationship with the promoters or management of the company. They help the company in improving corporate credibility and governance standards.Even today, quite a few corporate boards in India feature independent directors who are independent only on paper. They often act is lame ducks who are happy to take the line of least resistance with the promoter.
Many times we see that independent directors constitute under-qualified people, namesake directors, individuals familiar to the promoters or from a known close group, ex-bureaucrats, etc.Therefore it becomes important to analyze whether profile of independent directors match with the requirement of company as per sector of a company.You also need to check if any independent directors have abruptly resigned from their posts citing namesake personal reasons.

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